Income Tax (Earnings and Pensions) Act 2003 section 431A

Shares under tax-advantaged plan or scheme

Section 431A provides an automatic deemed election under section 431(1) when shares acquired through certain tax-advantaged share schemes turn out to be restricted securities, removing the need for the employer and employee to make a separate joint election.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.